Telefonica:Good Relations With Telecom Italia,Happy With Stake
October 09 2009 - 8:08AM
Dow Jones News
Telefonica SA (TEF) said Friday it was content with its stake in
Italian peer Telecom Italia SpA (TI).
"We are very happy with our stake in Telco (the holding company
that controls Telecom Italia) and it is based on a relationship of
trust, Telefonica's Chairman Cesar Alierta said in a meeting with
analysts.
Alierta added both telecommunications companies were benefitting
from syngergies and the personal relationship within Telco was
good.
On October 28, Telefonica and the other Telco shareholders are
due to renew or terminate the pact.
Telefonica is Europe's largest telecommunications company by
market value.
Company Web site: http://www.telefonica.com
-By Jason Sinclair, Dow Jones Newswires, 34 913958127,
jason.sinclair@dowjones.com